https://www.taxtmi.com/caselaws?id=460280 The HC rejected the pre-trial bail application under Section 45 of the PML Act in a money laundering case. The applicant, a school teacher later promoted to headmaster, claimed the alleged proceeds of crime were legitimate earnings from salary, agricultural activities, and dairy business. However, the court found her explanations inadequate as she failed to provide details of landholdings or livestock to justify substantial income sources. Numerous third-party documents recovered from her residence, including sale deeds and investment papers, remained unexplained. The court concluded it could not form prima facie satisfaction that the applicant was not guilty or wouldn't commit offenses if granted bail. en-us Tue, 10 Sep 2024 00:00:00 +0530 Fri, 17 Jan 2025 20:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460280 The HC rejected the pre-trial bail application under Section 45 of the PML Act in a money laundering case. The applicant, a school teacher later promoted to headmaster, claimed the alleged proceeds of crime were legitimate earnings from salary, agricultural activities, and dairy business. However, the court found her explanations inadequate as she failed to provide details of landholdings or livestock to justify substantial income sources. Numerous third-party documents recovered from her residence, including sale deeds and investment papers, remained unexplained. The court concluded it could not form prima facie satisfaction that the applicant was not guilty or wouldn't commit offenses if granted bail. Case-Laws Money Laundering Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460280